Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Cardano
ADA
|
0.55281615 |
details, prediction |
Monero
XMR
|
0.5454003 |
details, prediction |
Binance Coin
BNB
|
0.5148496 |
details, prediction |
XRP
XRP
|
0.45471132 |
details, prediction |
ChainLink
LINK
|
0.45299733 |
details, prediction |
|
Second tier
|
0x
ZRX
|
0.71374923 |
details, prediction |
Basic Attention Token
BAT
|
0.5927685 |
details, prediction |
Tezos
XTZ
|
0.56341493 |
details, prediction |
Crypto.com Chain
CRO
|
0.5152927 |
details, prediction |
Zilliqa
ZIL
|
0.48163688 |
details, prediction |
|
Third tier
|
Ontology
ONT
|
0.57474226 |
details, prediction |
Dero
DERO
|
0.55129784 |
details, prediction |
OPEN Platform
OPEN
|
0.5418085 |
details, prediction |
Hydro Protocol
HOT
|
0.5320031 |
details, prediction |
Bancor
BNT
|
0.53113276 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Gold price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Gold
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
KuCoin Shares
KCS
|
0.035063356 |
details, prediction |
TRON
TRX
|
0.10644215 |
details, prediction |
Ethereum Classic
ETC
|
0.14094509 |
details, prediction |
Stellar
XLM
|
0.18884404 |
details, prediction |
Litecoin
LTC
|
0.29617164 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.25104153 |
details, prediction |
Dai
DAI
|
-0.123639725 |
details, prediction |
True USD
TUSD
|
-0.10626056 |
details, prediction |
Bitcoin SV
BSV
|
-0.05182289 |
details, prediction |
Ardor
ARDR
|
0.037429977 |
details, prediction |
|
Third tier
|
SysCoin
SYS
|
-0.655101 |
details, prediction |
NKN
NKN
|
-0.5335644 |
details, prediction |
Electroneum
ETN
|
-0.4721022 |
details, prediction |
V Systems
VSYS
|
-0.36636254 |
details, prediction |
BABB
BAX
|
-0.08430658 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)